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Chinese startup OneSpace launched rocket for first commercial service

Chinese startup OneSpace on Thursday launched a rocket at a launch center in northwest China. Chongqing Liangjiang Star, 9m high, 7,200kg weight, maximum height 38,742 kilometers and speed of more than 5.7 times the speed of sound, launched at 7:33 am developed by OneSpace as China's first privately held company based in Beijing on a base manufacturing in Chongqing.

Shu Chang, founder and CEO of OneSpace, said the rocket is powered by solid fuel engines to run for about 5 minutes or 273 kilometers and the control system can be customized to meet customer demand. The rocket is also equipped with wireless communication devices and cheap energy sources that allow the rocket system design to be simplified.

"This is the first commercial rocket developed by our company," Chang said.

The rocket was launched for the Shenyang Aircraft Design Institute under the Aviation Industry Corporation of China, Ltd. In 2014, China issued a series of guidelines that allow private capital to enter into several key areas including commercial aerospace exploration.

OneSpace was founded in August 2015 as China's first private company with a license to develop a rocket carrier. The company has two rocket series is OS-X and OS-M for various purposes including aerospace service for scientific research and launching small satellite.

"Our focus is on the small satellite market, the more efficient and cheaper the commercial rocket we watch for the huge potential," Shu said.

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